THE SUPREME Court has said that the confession made by an accused under provision of The Terrorist and Disruptive Activities (Prevention) Act, 1987, can be relied upon for conviction under other provi More

THE Indian economy grew by a better-than-expected 7.6% during the fiscal second quarter, but analysts and economists said they expected the growth rate to slow during the next two quarters, making a More

INTEREST rates on home, auto and personal loans are set to fall. Corporate borrowings will become cheaper, builders on the brink of default will get some leeway while manufacturing firms under stres More

After three months, mutual funds saw about Rs 14,000 crore inflow in November. At the end of November, investors made a net purchase of funds worth Rs 13,790 crore, with the maximum investment takin More

THE 4.4 crore subscribers of the Employees Provident Fund Organisation (EPFO) should not expect any rise in their provident fund interest rate this fiscal. Labour minister Oscar Fernandes ruled out More

CHEAPER fuel products have pushed down inflation to a nine-month low, creating room for the Reserve Bank of India (RBI) to pursue more aggressive monetary policies to tide over the slowdown. More

THE bill for creation of the National Investigation Agency and the Unlawful Activities (Prevention) Amendment Bill, the two pieces of legislation piloted by the Manmohan Singh government to combat More

THE European Union (EU), which lodged a complaint at the World Trade Organisation (WTO) against certain fees and taxes imposed on imported liquor by Goa and Maharashtra, has now aimed its guns at th More

EXPRESSING concern over lok adalats taking over judicial role, the Supreme Court has said that the provisions of the Arbitration and Conciliation Act relating to the conciliators shall be applicable More

The Supreme Court has ruled that number of deaths in a criminal case is not a relevant factor for awarding death sentence to the accused. A bench comprising More

ANSHU Jain, head of global markets at Deutsche Bank, has bought a minority stake in Mumbai Indians, the Indian Premier League (IPL) cricket team owned by Reliance Industries chairman Mukesh Ambani. More

FRENCH cosmetics and toiletries giant L’Oreal has hauled discount retailer MyDollarStore to court over issues relating to intellectual property rights (IPR) and illegal imports, it is learnt. The More

NOVARTIS (India) has tied up with USV, a leading healthcare company, to sell its anti-diabetic product Galvus, in a bid to compete with Merck’s Januvia, for a share of the Indian anti-diabetic mar More

ESSAR Exploration & Production Ltd (EEPL), an Essar group company, has become the first Indian oil company to enter Australia by winning two offshore petroleum exploration blocks in the northern More

Global financial crisis has clearly hurt overseas debts of India Inc, as corporates raised $1.12 billion less than half of the amount mopped up in the previous month, despite liberalisation of norms More

THE sharp depreciation of the Indian rupee against the Japanese yen and the dollar helped Japanese drug company Daiichi Sankyo save around $880 million in its over $4-billion acquisition of India’ More

IN a setback to Vodafone, the Bombay High Court has dismissed the telco’s writ petition against the income-tax department’s show cause notice seeking around $1.7 billion as capital gains tax. Vo More

CAPITAL markets regulator Sebi has tightened its insider-trading norms by broadening the definition of the term insider to include any person who is and was connected with a company and is the recip More

THE government has withdrawn the affidavit it had filed in the Bombay High Court, which argued that Reliance Industries (RIL) cannot sell KG basin gas at a price less than $4.20 per million British More

Infosys Technologies has won a five-year, multi-million dollar global sourcing deal from pharma giant AstraZeneca. The companies did not provide financial value of the contract. Under the agreement, More

THE Reserve Bank of India has asked Anil Ambani group firm Reliance Infrastructure (erstwhile Reliance Energy) to pay just under Rs 125 crore as compounding fees for parking foreign loan proceeds wo More

CRUDE oil prices fell to their lowest level in past four years due to concerns about falling demand with economic slowdown and rising inventories. Analysts, however, said that correction in oil pric More

Drug maker Aurobindo Pharma has said that it has received tentative approval from the US drug regulator for manufacturing and marketing of its anti HIV infection tablets. The company has received Un More

INDICATING slowdown in economic growth, advance tax collections declined in the third quarter, ending December, by over 22% to Rs 42,600 crore from Rs 54,900 crore a year ago. For the first three q More

US-BASED drugmaker Alcon has won a trademark case against Indian rival Ajanta Pharma, preventing the latter from selling its popular eyedrop under the brand ‘Travaxo’ in India. The Bombay HC gav More

THE government has slashed prices of petrol and diesel by Rs 5 and Rs 2 a litre respectively—the first reduction in more than two years. The price cut, comes as a relief to fuel consumers and may he More

TIMESOFMONEY has entered into an agreement with Axis Bank to provide its remittance solution to Axis Bank which will help the bank offer its non-resident customers AxisRemit, the bank’s own brande More

DABUR India has announced the acquisition of 72.15% of women’s skincare company Fem Care Pharma (FCPL) for Rs 203.7 crore in an all-cash deal. The transaction ascribes a price per s More

AS PART of the growth strategy for its nutraceuticals business, EID Parry has acquired a 48% strategic stake in US-based Valensa International. The Murugappa group company, which was engaged in dis More

COX and Kings India (CKI) has acquired Tempo Holidays, a specialist leisure travel company based in Australia, which has an office in New Zealand as well. The deal was negotiated through CKI's Austr More

HEALTHCARE major Piramal Healthcare (PHL) has acquired US-based pharma firm Minrad International for $40 million. The move is expected to help PHL get an immediate access into the US market for sevo More

In a first-of-its-kind strategic alliance, Indiatimes Shopping, the country’s leading online shopping portal, has tied up with American Express and Lufthansa Airlines. Under this alliance, Lufthan More